An average lifetime of a banknote is 1-2 years for smaller amounts, 2-4 years for bigger ones. It is estimated that 15-25% of all banknotes are replaced every year. From about 30 billion individual banknotes in circulation that makes 4.5B to 7.5B each year.
So why not introduce new designs (and new protections?)
An average lifetime of a banknote is 1-2 years for smaller amounts, 2-4 years for bigger ones. It is estimated that 15-25% of all banknotes are replaced every year. From about 30 billion individual banknotes in circulation that makes 4.5B to 7.5B each year.
So why not introduce new designs (and new protections?)